<SEC-DOCUMENT>0001145549-22-047781.txt : 20220817
<SEC-HEADER>0001145549-22-047781.hdr.sgml : 20220817
<ACCEPTANCE-DATETIME>20220817134606
ACCESSION NUMBER:		0001145549-22-047781
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220731
FILED AS OF DATE:		20220817
DATE AS OF CHANGE:		20220817
PERIOD START:           	20220731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXICO EQUITY & INCOME FUND INC
		CENTRAL INDEX KEY:			0000863900
		IRS NUMBER:				133576061
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06111
		FILM NUMBER:		221173102

	BUSINESS ADDRESS:	
		STREET 1:		U.S. BANCORP FUND SERVICES, LLC
		STREET 2:		615 EAST MICHIGAN STREET, LC-2
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		4147654499

	MAIL ADDRESS:	
		STREET 1:		U.S. BANCORP FUND SERVICES, LLC
		STREET 2:		615 EAST MICHIGAN STREET, LC-2
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEXICO CONVERTIBLE ADVANTAGE FUND INC
		DATE OF NAME CHANGE:	19900807

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEXICO ADVANTAGE FUND INC
		DATE OF NAME CHANGE:	19900805
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
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    <genInfo>
      <regName>Mexico Equity &amp; Income Fund Inc</regName>
      <regFileNumber>811-06111</regFileNumber>
      <regCik>0000863900</regCik>
      <regLei>549300Q0OD8MQEFTBY23</regLei>
      <regStreet1>615 E. Michigan St.</regStreet1>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>8777850376</regPhone>
      <seriesName>Mexico Equity and Income Fund</seriesName>
      <seriesLei>549300Q0OD8MQEFTBY23</seriesLei>
      <repPdEnd>2022-07-31</repPdEnd>
      <repPdDate>2022-07-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totAssets>46034404.360000000000</totAssets>
      <totLiabs>170014.890000000000</totLiabs>
      <netAssets>45864389.470000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
          <monthlyTotReturn rtn1="3.63" rtn2="-9.16" rtn3="-1.87"/>
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        <othMon2 netRealizedGain="-165672.490000000000" netUnrealizedAppr="-4449535.140000000000"/>
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        <name>El Puerto de Liverpool SAB de</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Grupo Televisa SAB</name>
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        <title>Grupo Televisa SAB</title>
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          <isin value="MXP4987V1378"/>
          <ticker value="TLEVICPO"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PINFRA</name>
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        <name>Cemex SAB de CV</name>
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        <name>Grupo Financiero Banorte SAB d</name>
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        <name>MSILF Government Portfolio</name>
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        <name>Southern Copper Corp</name>
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        <name>Ternium SA</name>
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        <name>HSBC DISCOVERY MEXICO</name>
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        <invCountry>MX</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Copper Corp</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>Southern Copper Corp</title>
        <cusip>84265V105</cusip>
        <identifiers>
          <isin value="US84265V1052"/>
          <ticker value="SCCO*"/>
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        <balance>16700.000000000000</balance>
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        <valUSD>831006.350000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axtel SAB de CV</name>
        <lei>549300BVRDR8XTSXAD13</lei>
        <title>Axtel SAB de CV</title>
        <cusip>P0606P105</cusip>
        <identifiers>
          <isin value="MX01AX040009"/>
          <ticker value="AXTELCPO"/>
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        <balance>4042500.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>285555.910000000000</valUSD>
        <pctVal>0.6226092036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Pacifi</name>
        <lei>4469000001BZ368XFI90</lei>
        <title>Grupo Aeroportuario del Pacifico SAB de CV</title>
        <cusip>P4959P100</cusip>
        <identifiers>
          <isin value="MX01GA000004"/>
          <ticker value="GAPB"/>
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        <balance>74700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>1012831.670000000000</valUSD>
        <pctVal>2.2083182218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Centro</name>
        <lei>529900HUSBARAFSXJ605</lei>
        <title>Grupo Aeroportuario del Centro Norte SAB de CV</title>
        <cusip>P49530101</cusip>
        <identifiers>
          <isin value="MX01OM000018"/>
          <ticker value="OMAB"/>
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        <balance>73800.000000000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
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        <pctVal>0.9801127960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Scotiabankinverlat - Scotia Gu</name>
        <lei>N/A</lei>
        <title>Scotiabankinverlat - Scotia Gubernamental SA de CV SIID</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX51SC3J00O1"/>
          <ticker value="SCOTAGE1"/>
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        <balance>2263210.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>467990.150000000000</valUSD>
        <pctVal>1.0203780218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Comercial Chedraui SA de</name>
        <lei>4469000001BRXSV0JO96</lei>
        <title>Grupo Comercial Chedraui SA de CV</title>
        <cusip>P4612W104</cusip>
        <identifiers>
          <isin value="MX01CH170002"/>
          <ticker value="CHDRAUIB"/>
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        <balance>182220.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>554021.020000000000</valUSD>
        <pctVal>1.2079546385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alpek SAB de CV</name>
        <lei>549300PWKJTP62D4IQ66</lei>
        <title>Alpek SAB de CV</title>
        <cusip>P01703100</cusip>
        <identifiers>
          <isin value="MX01AL0C0004"/>
          <ticker value="ALPEKA"/>
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        <balance>2783632.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>3701859.830000000000</valUSD>
        <pctVal>8.0713160532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corp Inmobiliaria Vesta SAB de</name>
        <lei>4469000001BIRIFZJ959</lei>
        <title>Corp Inmobiliaria Vesta SAB de CV</title>
        <cusip>P9781N108</cusip>
        <identifiers>
          <isin value="MX01VE0M0003"/>
          <ticker value="VESTA*"/>
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        <balance>472634.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>930870.230000000000</valUSD>
        <pctVal>2.0296143495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CFE Capital S de RL de CV</name>
        <lei>N/A</lei>
        <title>CFE Capital S de RL de CV</title>
        <cusip>P2R51T450</cusip>
        <identifiers>
          <isin value="MXFEFC0C0003"/>
          <ticker value="FCFE18"/>
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        <balance>1498025.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>1873863.160000000000</valUSD>
        <pctVal>4.0856603165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Controladora Vuela Cia de Avia</name>
        <lei>549300G8NLCMP9Z44X52</lei>
        <title>Controladora Vuela Cia de Aviacion SAB de CV</title>
        <cusip>P30987104</cusip>
        <identifiers>
          <isin value="MX01VO000009"/>
          <ticker value="VOLARA"/>
        </identifiers>
        <balance>1920690.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>1881542.240000000000</valUSD>
        <pctVal>4.1024033280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regional SAB de CV</name>
        <lei>N/A</lei>
        <title>Regional SAB de CV</title>
        <cusip>P8008V109</cusip>
        <identifiers>
          <isin value="MX01R0000006"/>
          <ticker value="RA"/>
        </identifiers>
        <balance>174181.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>951585.100000000000</valUSD>
        <pctVal>2.0747798259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orbia Advance Corp SAB de CV</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>Orbia Advance Corp SAB de CV</title>
        <cusip>P7S81Y105</cusip>
        <identifiers>
          <isin value="MX01OR010004"/>
          <ticker value="ORBIA*"/>
        </identifiers>
        <balance>382334.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>843233.510000000000</valUSD>
        <pctVal>1.8385364326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart de Mexico SAB de CV</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico SAB de CV</title>
        <cusip>P98180188</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
          <ticker value="WALMEX*"/>
        </identifiers>
        <balance>1085790.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>3932929.460000000000</valUSD>
        <pctVal>8.5751265970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nemak SAB de CV</name>
        <lei>5493000MY3DAIB0BP706</lei>
        <title>Nemak SAB de CV</title>
        <cusip>P71340106</cusip>
        <identifiers>
          <isin value="MX01NE000001"/>
          <ticker value="NEMAKA"/>
        </identifiers>
        <balance>4297494.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>1081462.030000000000</valUSD>
        <pctVal>2.3579557964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco del Bajio SA</name>
        <lei>4469000001BD95FFLY16</lei>
        <title>Banco del Bajio SA</title>
        <cusip>P1R2ZN117</cusip>
        <identifiers>
          <isin value="MX41BB000000"/>
          <ticker value="BBAJIOO"/>
        </identifiers>
        <balance>225700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>530772.260000000000</valUSD>
        <pctVal>1.1572644183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>La Comer SAB de CV</name>
        <lei>N/A</lei>
        <title>La Comer SAB de CV</title>
        <cusip>P6125F114</cusip>
        <identifiers>
          <isin value="MX01LA050010"/>
          <ticker value="LACOMUBC"/>
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        <balance>389700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.385500000000"/>
        <valUSD>690489.020000000000</valUSD>
        <pctVal>1.5055013879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rose Hill Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Rose Hill Acquisition Corp</title>
        <cusip>G7637J115</cusip>
        <identifiers>
          <isin value="KYG7637J1159"/>
          <ticker value="ROSEU"/>
        </identifiers>
        <balance>10001.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101610.160000000000</valUSD>
        <pctVal>0.2215447784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-08-17</ncom:dateSigned>
      <ncom:nameOfApplicant>Mexico Equity &amp; Income Fund Inc</ncom:nameOfApplicant>
      <ncom:signature>/s/ Maria Eugenia Pichardo</ncom:signature>
      <ncom:signerName>Maria Eugenia Pichardo</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
